This report analyzes and compares L-3 COMMUNICATIONS' employee health insurance and employee benefits with its industry and in New York State.
Providing a smart employee benefits package is critical for attracting top talent and retaining valuable employees. Today, employee benefits play a vital role when candidates consider accepting a job offer.
Many companies offer today over-the-top perks, like yoga classes, haircuts, catered meals, and acupuncture. In this report, we focus however on traditional benefits. It's a work in progress that we will expand and update on a regular basis.
This report contains the following sections
Career benefits
L-3 COMMUNICATIONS has first-class career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the L-3 COMMUNICATIONS. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: L-3 COMMUNICATIONS believes that career planning of each employee is a key to a successful business and offers valuable opportunities so that the employees can reach their full potential. L-3 COMMUNICATIONS has valuable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: L-3 COMMUNICATIONS believes that an outstanding coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: L-3 COMMUNICATIONS offers superior development resources to enable its employees to grow on a personal and a professional plan. With access to superior intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: L-3 COMMUNICATIONS has a first-class policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: L-3 COMMUNICATIONS does not offer leadership programs.
- ONBOARDING: Whether the newcomer is an entry-level employee or a seasoned manager, coming to a new place of work is never easy. That's why L-3 COMMUNICATIONS offers an impressive Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, L-3 COMMUNICATIONS implemented a solid Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: L-3 COMMUNICATIONS has a good Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | L-3 COMMUNICATIONS | Industry | New York |
|---|---|---|---|
| Career planning Benefits | |||
| Coaching and mentoring Benefits | |||
| Development resources Benefits | |||
| GED reimbursement Benefits | |||
| Leadership programs Benefits | |||
| Onboarding Benefits | |||
| Recognition programs Benefits | |||
| Tuition reimbursement Benefits |
Healthcare benefits
L-3 COMMUNICATIONS offers remarkable health benefits to its employees, of which some can be used by employee's family members. Besides an affordable healthcare insurance and a dental plan that includes recounstruction surgery, team members can enjoy L-3 COMMUNICATIONS's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: L-3 COMMUNICATIONS has an extraordinary counseling program for its employees and their family members. Team members are encouraged by L-3 COMMUNICATIONS to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This extraordinary counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: L-3 COMMUNICATIONS cares about its team members' dental health so it offers an impressive dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
- HEALTH INSURANCE: L-3 COMMUNICATIONS offers a solid health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, L-3 COMMUNICATIONS offers great health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: L-3 COMMUNICATIONS has a superior healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, L-3 COMMUNICATIONS has created a first-class maternity support program to support its expecting team members.
- TELEHEALTH: L-3 COMMUNICATIONS does not offer telehealth.
- VISION PLAN: L-3 COMMUNICATIONS has an outstanding Vision Plan for its team members who can count on coverage of a wide variety eye exams and procedures, as well as vision-related medical devices.
Benefit | L-3 COMMUNICATIONS | Industry | New York |
|---|---|---|---|
| Counseling Benefits | |||
| Dental Plan Benefits | |||
| Health Insurance Benefits | |||
| Health Plan Incentives Benefits | |||
| Healthcare Spending Accounts Benefits | |||
| Maternity support program Benefits | |||
| Telehealth Benefits | |||
| Vision Plan Benefits |
Financial benefits
L-3 COMMUNICATIONS offers remarkable financial benefits for employees and their family members. A remarkable 401(k) plan makes sure that employees have a secure retirement, while a generous, fully paid parental leave allows expecting mothers and fathers to enjoy their child's first year. Along with paid vacations, employees can enjoy fully paid commuting as well.
- 401(K) PLAN: L-3 COMMUNICATIONS has a superior 401(k) plan as it realizes that many of its team members are concerned with the future and want to retire with a sizable retirement fund. L-3 COMMUNICATIONS provides a 401(k) plan where employees can rest assured that the money they put aside will allow them to live comfortably in retirement. Employees are encouraged to invest up to 5% in 401(k) by a superior L-3 COMMUNICATIONS has Matching program that matches 75% of employees' contributions. Whatever L-3 COMMUNICATIONS contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave L-3 COMMUNICATIONS. Recognizing that every team member is unique, with specific needs and goals, L-3 COMMUNICATIONS keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: L-3 COMMUNICATIONS has a good Adoption Assistance Reimbursement program that pays certain fees associated with the adoption process. With this program, the employees can rest assure that at least some of the costs will be covered.
- BONUS PAY: L-3 COMMUNICATIONS offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for L-3 COMMUNICATIONS, and encourage others to do the same.
- CHILDCARE DISCOUNT: L-3 COMMUNICATIONS does not offer childcare discount.
- COMMUTER BENEFIT: L-3 COMMUNICATIONS acknowledges the fact that some team members have high commuting costs so it offers them superior commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: L-3 COMMUNICATIONS offers a superior daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
- DISABILITY: L-3 COMMUNICATIONS has a valuable disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a valuable coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: L-3 COMMUNICATIONS has a top-notch life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
- PAID TIME OFF: L-3 COMMUNICATIONS has an extraordinary vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
- PAID VOLUNTEER TIME OFF: L-3 COMMUNICATIONS believes that excellent volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why L-3 COMMUNICATIONS offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: L-3 COMMUNICATIONS has an impressive parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | L-3 COMMUNICATIONS | Industry | New York |
|---|---|---|---|
| 401(k) plan Benefits | |||
| Adoption assistance reimbursement Benefits | |||
| Bonus pay Benefits | |||
| Childcare discount Benefits | |||
| Commuter benefit Benefits | |||
| Daycare flexible spending account Benefits | |||
| Disability Benefits | |||
| Life insurance Benefits | |||
| Paid time off Benefits | |||
| Paid volunteer time off Benefits | |||
| Parental leave Benefits |
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